Traxpay, a German startup that has created a platform for businesses in a supply chain to make payments to each other — think PayPal for the B2B world, or an Alipay of the Western world — is making two significant announcements that point to the company’s global growth ambitions–specifically in the U.S. and Asia. First, it has raised another $15 million, in what CEO John Bruggeman tells me was an oversubscribed round of funding. Led by Commerzbank’s main incubator and Software AG, the Series B round also had participation from existing investors Earlybird and Michael Phillips of Castik Capital. Second, Traxpay is teaming up with a new strategic partner, MasterCard, in a four-year deal. As Bruggeman points out to me, MasterCard is not taking a financial stake in the company as part of the partnership, but what it will be contributing is its global payment network. “The Series B is for scale,” he says. “The MasterCard partnership is the ability to deliver that scale.” Traxpay today has customer numbers in the “hundreds.” It’s not yet profitable, and nor is it disclosing revenue. Up to now, Traxpay (which had previously raised $4 million) has been active mainly in Europe, but it was finding that as it and its customers have grown, there has been a need for a wider remit.

http://techcrunch.com/2014/09/23/traxpay-raises-15m-teams-with-mastercard-to-be-the-paypal-of-the-b2b-world/